The Federal Reserve Bank of New York is all set to dispose more than $7bn in face value of “toxic” securities related to the government bailout of American International Group (AIG). The central bank of the US has planned to ...
Tags: NY Fed, face value, government bailout, insurance, AIG
HSBC is planning to exit its insurance joint venture Canara HSBC Oriental Bank of Commerce Life Insurance Company in India, a second foreign company to depart Indian insurance sector. The JV was formed by Canara Bank, Oriental Bank of ...
Tags: HSBC, insurance joint venture, Commerce Life Insurance, Indian insurance
Enterprise users of public cloud welcomed Amazon Web Services' new products and price reductions,but said that additional features such as better security,ease of use and added multiple-availability to overcome outages issues could make ...
Tags: Gov-cloud, Amazon Web Services, security, cloud services
OneBeacon Professional Insurance (OBPI) has introduced a new non-admitted Lawyers' Professional Liability product for use by the law firms in certain areas of practice. OBPI's Lawyers' Professional Liability (LPL) Division senior vice ...
Tags: OBPI, Liability product, insurance product, insurance service
Everest Re Group has reported $250.9m in net income or $4.82 per diluted common share for the third quarter 2012, an increase of 298% compared to $63.1m, or $1.16 during the same period last fiscal. After-tax operating income, excluding ...
Tags: Everest Re Group, net income, quarter 3, insurance
After a two-day outage, Internet access in war-torn Syria appears to be for the most part restored on Saturday, according to reports from several sources. "Renesys confirms a largely complete restoration of the Syrian Internet this ...
Tags: Internet, Internet-monitoring service, Telecom, Google
ACE Group's subsidiary, ACE Puerto Rico, has deployed latest re-architected variant of Cover-All policy to improve its commercial lines customer service. Developed by Cover-All Technologies, the Cover-All policy is expected enhance the ...
Tags: ACE Group, ACE Puerto Rico, Cover All policy, customer service, insurance
Property and casualty insurance holding company United Insurance (UIHC) has appointed Jay Williams as its vice president of Marketing and will be responsible for the Company’s sales and marketing efforts. With over 30 years of ...
Tags: United Insurance, Jay Williams, vice president, insurance
US commercial property casualty underwriter Travelers Insurance has reported that its second quarter of 2012 net income was $499m, or $1.26 per diluted share, compared to a net loss of $364m, or $0.88 per diluted share during the same ...
Tags: Travelers Insurance, property casualty, quarter 2, net income, insurance
Specialty insurance and reinsurance products provider Argo Group International Holdings has appointed Jason Dsouza as casualty and professional lines underwriter for Argo Re (DIFC). Based in Dubai, Dsouza will report to Argo Re's (DIFC) ...
Tags: insurance, reinsurance, insurance product, insurance service
Infinity Property and Casualty has reported net earnings of $4.3m, or $0.35 per diluted share, for the first quarter of 2012, down 58%, compared to $10.2m, or$0.81 per diluted share, for the same period in 2011. The total revenues for the ...
Tags: Infinity, net earning, quarter 1, insurance, insurance company
The net income of private US property/casualty underwriters increased to $16.4bn in the first-half of 2012, as against $4.8bn during the same period in 2011. According to a report by US property-casualty insurance analyst firm ISO, the ...
Tags: net income, insurance analyst, ISO, profitability of insurer
The survey respondents included major institutional and private investors representing a broad cross section of property investors globally,who were asked for their outlook at the global and regional level for the coming 12 months and ...
Tags: survey, Colliers'2013 Sentiment survey, property investor, office sector
Reinsurance and insurance provider Validus Holdings has received all regulatory approvals needed to complete Flagstone Reinsurance acquisition. The approval follows a previously agreed deal between Validus and Flagstone, which was signed ...
Tags: reinsurance, insurance, Validus Holdings, acquisition
Irish IT Consulting and Managed Services firm Version 1 has entered into a strategic partnership with TIA Technology, to offer services to Ireland's insurance and financial market. The partnership is expected to deliver complete ...
Tags: TIA Technology, Version 1, Ireland insurance, financial market